Mortgage and Financial News From 2009-3-11 Page 01
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Surviving the Great Collapse - Boston Globe
THIS ECONOMIC CRISIS doesn't have to be a second Great Depression - if government does nearly everything right, and soon. But if government doesn't do more, and fast, this could be worse than the 1930s. Why? Three big reasons: Finance: A Doomsday ...
2009-03-11 10:52:00 -
Cave-Dwellers Get a Reprieve on Foreclosure - ABC News
After hearing about the family's plight, the owner of a New Jersey archiving and medical records company -- who was first looking to buy the cave as a vacation home -- decided to offer them a private mortgage instead. "I lost my mom last November ...
2009-03-11 03:00:00 -
Thai Airways plans overhaul to improve margins (Financial Times)
Thai Airways International is preparing a major overhaul of its operations in a move that could see the troubled state-owned airline restructure debt, cut jobs and reduce operating costs.
2009-03-11 09:14:52 -
Rescue plan has mortgage lenders set for deluge (Financial Times)
Fannie Mae and Freddie Mac, the two government-controlled housing financiers, are gearing up for a flood of applicants wanting to refinance their mortgages under the government's housing market rescue plan.
2009-03-11 10:14:28 -
More homeowners seeing Fed's aid (The Arizona Republic)
Mortgage refinancing is beginning to increase.
2009-03-11 10:34:02 -
$4bn commercial property bill moves on (The Australian)
A $4 BILLION contingency fund with banking's Big Four is closer to fruition in a Labor bill to protect commercial property.
2009-03-11 10:36:00 -
Freddie Lost $50 Billion in 2008 Mortgage Giant Names New Acting Chief (Washington Post)
Freddie Mac reported yesterday that it lost $50.1 billion last year, almost half of it in the final three months of 2008, and would need an additional $30.8 billion in taxpayer assistance to stay solvent.
2009-03-11 10:38:45 -
Fund Launches Tender Offer for RMBS Securities Insured by Syncora Guarantee Inc. (PR Newswire via Yahoo! Finance)
The BCP Voyager Master Funds SPC, Ltd., acting on behalf of and for the account of the Distressed Opportunities Master Segregated Portfolio , launched an offer today to acquire 56 different classes of residential mortgage backed securities insured by Syncora Guarantee Inc. with an aggregate notional value of $5.9 billion.
2009-03-11 10:42:00 -
Govt plans contingency with big four (The West Australian)
The federal government has introduced draft laws to parliament setting up a $4 billion contingency fund with the four major banks to refinance commercial properties if money from foreign lenders dries up.
2009-03-11 10:54:48 -
TODAY’S DEALS: Meridian Capital Arranges $65M in First Mortgage Loan for Refi of 578-Unit Affordable Housing ... (Multi-Housing News)
New York--Meridian Capital Group has arranged $65 million in a first mortgage loan for the refinance of Knickerbocker Plaza ( pictured ) located at Second Avenue & East 90th St. in New York City.
2009-03-11 11:11:40 -
Bankers say many homeowners refinancing as rates drop - News-Gazette
MAHOMET – Madeline Hoeft watched mortgage rates fall and saved more than $300 a month on her house payment by refinancing. "It pays to watch the market," said Hoeft, who bought a home at Mahomet's Lakes at Riverbend subdivision four years ago. "You ...
2009-03-04 06:51:00 -
Perfect time to get new mortgage, experts say - 680 News
Toronto - With interest rates at its lowest point in years, many people are looking to re-negotiate their mortgages, and get a better deal. Whether it's with the person's current bank, or a new one, some experts said knocking down the interest rate ...
2009-03-09 07:56:00 -
Mortgage rates down, applications up nationwide (Sacramento Business Journal)
Average residential mortgage rates declined to a near-record low, driven mainly by refinancing activity, according to survey data from the Mortgage Bankers Association.
2009-03-11 03:27:34 -
Related Links (Stuff)
Homeowners are set to benefit from Alan Bollard's 50 point cut to the Official Cash Rate, with mortgage rates at, or moving to historic lows. With today's cut bringing the OCR down from 3.5 percent to 3 percent, banks are likely to quickly follow with cuts to their mortgage rates.
2009-03-11 03:35:17 -
Homebuyers win, builders lose, according to reports (Global TV Regina)
OTTAWA - More evidence of a buyer's market for residential real estate emerged Wednesday in reports relating to new-home prices, builders' profits and improved opportunities for those looking to jump into home ownership for the first time.
2009-03-11 03:50:18